Fortune Brands Innovations, Inc. $FBIN Shares Sold by Teca Partners LP

Teca Partners LP lessened its stake in Fortune Brands Innovations, Inc. (NYSE:FBIN) by 21.8% during the third quarter, Holdings Channel reports. The firm owned 168,365 shares of the company’s stock after selling 47,000 shares during the period. Fortune Brands Innovations makes up about 5.7% of Teca Partners LP’s holdings, making the stock its 11th biggest holding. Teca Partners LP’s holdings in Fortune Brands Innovations were worth $8,989,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Rafferty Asset Management LLC grew its stake in shares of Fortune Brands Innovations by 118.3% in the third quarter. Rafferty Asset Management LLC now owns 97,063 shares of the company’s stock valued at $5,182,000 after buying an additional 52,598 shares in the last quarter. First Trust Advisors LP boosted its holdings in Fortune Brands Innovations by 9.1% in the 2nd quarter. First Trust Advisors LP now owns 1,165,342 shares of the company’s stock worth $59,992,000 after acquiring an additional 97,662 shares during the period. Victory Capital Management Inc. grew its position in Fortune Brands Innovations by 169.3% in the third quarter. Victory Capital Management Inc. now owns 840,303 shares of the company’s stock valued at $44,864,000 after acquiring an additional 528,237 shares in the last quarter. CX Institutional grew its position in Fortune Brands Innovations by 22,269.6% in the third quarter. CX Institutional now owns 108,269 shares of the company’s stock valued at $5,780,000 after acquiring an additional 107,785 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Fortune Brands Innovations by 56.0% during the third quarter. Federated Hermes Inc. now owns 1,317,373 shares of the company’s stock valued at $70,335,000 after purchasing an additional 473,031 shares during the period. 87.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FBIN shares. Robert W. Baird set a $55.00 target price on shares of Fortune Brands Innovations in a research report on Friday, February 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $61.00 price target on shares of Fortune Brands Innovations in a research note on Friday, February 13th. Zacks Research lowered shares of Fortune Brands Innovations from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. BMO Capital Markets decreased their price objective on shares of Fortune Brands Innovations from $62.00 to $56.00 and set a “market perform” rating for the company in a research report on Tuesday, February 17th. Finally, The Goldman Sachs Group lowered their target price on Fortune Brands Innovations from $69.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $60.00.

Fortune Brands Innovations Stock Up 0.8%

NYSE FBIN traded up $0.34 during trading hours on Friday, reaching $43.61. 359,938 shares of the company traded hands, compared to its average volume of 2,739,115. The stock has a market capitalization of $5.23 billion, a PE ratio of 17.65, a PEG ratio of 1.92 and a beta of 1.41. The company has a current ratio of 1.84, a quick ratio of 0.89 and a debt-to-equity ratio of 1.07. Fortune Brands Innovations, Inc. has a 12 month low of $42.95 and a 12 month high of $64.84. The company has a 50 day moving average of $55.27 and a two-hundred day moving average of $53.34.

Fortune Brands Innovations (NYSE:FBIN) last released its earnings results on Thursday, February 12th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.14). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.14 billion. Fortune Brands Innovations had a return on equity of 18.54% and a net margin of 6.70%.Fortune Brands Innovations’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 EPS. Fortune Brands Innovations has set its FY 2026 guidance at 3.350-3.650 EPS. As a group, equities analysts expect that Fortune Brands Innovations, Inc. will post 4.24 earnings per share for the current year.

Fortune Brands Innovations Company Profile

Fortune Brands Innovations (NYSE: FBIN), formerly known as Fortune Brands Home & Security, is a global leader in water innovations, specializing in the design, manufacturing and marketing of plumbing fixtures, fittings and related products. Headquartered in Deerfield, Illinois, the company leverages two iconic brands—Moen and House of Rohl—to deliver high-quality kitchen and bathroom solutions across residential and commercial markets. With a focus on performance, reliability and aesthetic design, FBIN’s portfolio spans faucets, showerheads, accessories and water filtration systems.

The company’s products are sold through a diversified network of retail partners, wholesale distributors and online channels across North America, Europe, Asia-Pacific and Latin America.